Answer:
True
Explanation:
Mutually exclusive is a situation where two projects cannot be incorporated together. These are independent projects which needs to be selected based on their risk and return. The first step is to list the projects according to their initial investments.
Information related is the answer
Supply getting bought more n more
Given:
Present value, P=179500
interest per period (month), i = 0.0475/12
number of periods (month), n=30*12=360
Interest charged after first month
Interest=P*i
=179500*0.0475/12
=710.52
Monthly payment (just to confirm that A > Interest)
A = Pi(1+i)^n/((1+i)^n-1)
=179500*(0.0475/12)(1+0.0475/12)^360/((1+0.0475/12)^360-1)
= 936.36 (to the nearest cent.
> 710.52 so ok.
